By Steve Lentz
Friday’s action was that of an Inside Bar that followed Thursday’s Downwing Bar. This action occurred while the 15-3-3 stochastic is in a Downtrend between 60 and 100 and the SPX is trending above its 50-day simple moving average. This market condition has occurred 59 times since January 2000. Our research indicates that, statistically speaking, it’s more slightly likely than usual that this market condition will end up being slightly favorable for selling option premium with neutral strategies.
Three reports are included in the video: The SP 500 Condor/Butterfly Timing Report, the SP 500 Bull Put Spread Timing Report and the SP 500 Likelihood Report.
No Audio this week due to a case of laryngitis.
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